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Chelsea to close Call-Direct Account (2nd Issue)

Chelsea Building Society is closing its Call-Direct Account (2nd Issue) to new investors on March 31, but will hold the interest rate on the account at 6.3 per cent until then.

Existing investors will be able to add to their investments after this date. The account guarantees the interest rate will not fall more than 0.25 per cent below the Bank of England base rate before January 2003.

Chelsea launched the account with a pledge to pay £1 to Shelter for very account opened and will be paying £10,547 to the charity.


Staffordshire goes for discount with teeth

Staffordshire Building Society has introduced the 2.26 per cent discount mortgage.The mortgage is aimed at all clients and has a discount of 2.26 per cent from the society’s standard variable rate of 7.25 per cent. This gives it a payable rate of 4.99 per cent for the first two years of the mortgage for loans […]

WP survey slams free-asset ratios

The UK&#39s top with-profits life offices are Britannic Assurance, Liverpool Victoria Friendly Society and Teachers, according to a new survey by Cazalet Financial Consulting. All three life offices get 10 marks out of 10 in the survey which uses a new system designed by Cazalet. Equitable Life was rated before it closed to new business […]

Chancellor signals &#39Son of Myners&#39

Chancellor Gordon Brown accepted the recommendations of the Myners report into the relationship between fund managers and securities firms, which itself recommends a further review of personal investment products.The Myners review, published yesterday, says: “the Government should initiate a separate independent review of capital and information flows around personal investment.”

Sway appoints digital media director

Sway is appointing David Hall as director, digital media. Hall was formerly managing director of Real Time Multimedia, and has worked in digital communications marketing for 20 years.In his new role at Sway, Hall will be developing live and on demand internet media to the financial services sector. Sway is developing the capability to deliver […]


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